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201108220 <br />(N) "Mortgage lnsurance" means insurauce protectittg Lender against the nonpayment of, or default on, the <br />Loan. <br />(0) "Periodic Paymenfi" means the regulazly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any amounts under Secrion 3 of this Security Instrument. <br />{P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its <br />implementing regularion, Regulation X(24 C.F.R. Part 3500), as they might be amended &om time to time, <br />or any addirional or successor legislation or regulation that governs the same subject matter. As used in this <br />Security Insm�ment, "RESPA" refers to a11 requirements and restrictions that are imposed in regazd to a <br />"federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage loan° <br />under RESPA. <br />(a) "Successor in Interest of Borrower" means any paRy that has taken title to the Property, whether or not <br />that party has assumed Bonower's obligations under the Note and/or this Security Instrument. <br />Transfer of Rights in the Property <br />Tlus Securiry Instrument secures to Lender; (i) ihe repayment of the Loan, and all renewals, extensions <br />and modifications of the Note; and (u) the performance of Bonower's covenants and agreements under <br />this Security Instrument and the Note. For this purpose, Borrower inevocably grants and conveys <br />to Trustee, in trust, with power of sale, the following described property located in the <br />C o u n t y (7ype of Recordang Jurisdictfon) <br />of H a 11 (Name of Recording Jurisdiction): <br />Lot Three (3), Indianhead Seventh Subdivision. in the City of Grand Island, <br />Hall County, Nebraska. <br />Parcel ID Number:400414244 <br />4059 Indianhead Dr <br />Grand Island <br />("Property Address"): <br />which currently has the address of <br />(Street) <br />(City), Nebraska 68803 (Zip Code) <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, <br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall aiso be <br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the <br />��, „ <br />NEBRASKA-Single Femily-Fennie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />Form 3028 1/01 <br />VMPS(NE) 1110b) <br />Page 3 of 77 <br />